CX Institutional Purchases 6,365 Shares of Cisco Systems, Inc. $CSCO

Key Points

• CX Institutional increased its holdings in Cisco Systems by 5.1% in Q2, owning 130,002 shares worth $9,020,000.
• Cisco's recent earnings report showed a net margin of 18.45% and a revenue increase of 7.6% year-over-year, beating analyst estimates.
• The company declared a quarterly dividend of $0.41 per share, set to be paid on October 22, providing a yield of 2.4%.

CX Institutional boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 5.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,002 shares of the network equipment provider's stock after acquiring an additional 6,365 shares during the period. CX Institutional's holdings in Cisco Systems were worth $9,020,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Cisco Systems by 0.5% in the first quarter. Vanguard Group Inc. now owns 388,949,854 shares of the network equipment provider's stock valued at $24,002,095,000 after acquiring an additional 1,865,648 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Cisco Systems by 10.4% during the 1st quarter. Invesco Ltd. now owns 47,117,146 shares of the network equipment provider's stock valued at $2,907,599,000 after buying an additional 4,437,450 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Cisco Systems by 37.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider's stock valued at $2,898,722,000 after purchasing an additional 12,775,066 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Cisco Systems by 3.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 37,797,629 shares of the network equipment provider's stock worth $2,332,492,000 after acquiring an additional 1,326,354 shares during the last quarter. Finally, Amundi increased its holdings in shares of Cisco Systems by 11.0% in the first quarter. Amundi now owns 29,170,847 shares of the network equipment provider's stock worth $1,679,312,000 after acquiring an additional 2,898,391 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Analyst Ratings Changes

CSCO has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on Cisco Systems from $67.00 to $70.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Hsbc Global Res downgraded shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Piper Sandler increased their price objective on shares of Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, August 14th. UBS Group raised their price objective on shares of Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $87.00 price target on shares of Cisco Systems in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $74.53.

Insider Activity at Cisco Systems

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 7,511 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $66.84, for a total value of $502,035.24. Following the completion of the sale, the executive vice president directly owned 161,467 shares in the company, valued at $10,792,454.28. This represents a 4.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles Robbins sold 30,557 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.63, for a total value of $2,036,012.91. Following the completion of the sale, the chief executive officer directly owned 639,000 shares of the company's stock, valued at $42,576,570. This trade represents a 4.56% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,439 shares of company stock valued at $4,369,104. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Trading Down 0.7%

NASDAQ:CSCO traded down $0.47 during trading hours on Friday, hitting $68.21. 47,786,669 shares of the company were exchanged, compared to its average volume of 17,512,462. The company has a fifty day simple moving average of $68.14 and a 200 day simple moving average of $64.13. Cisco Systems, Inc. has a one year low of $51.42 and a one year high of $72.55. The stock has a market capitalization of $269.65 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 2.87 and a beta of 0.99. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. The business had revenue of $14.67 billion for the quarter, compared to analysts' expectations of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The business's revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.87 earnings per share. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Sell-side analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.4%. Cisco Systems's dividend payout ratio (DPR) is currently 62.60%.

About Cisco Systems

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.